Opinion

The FINANCIAL -- Voters are less likely than ever to think the U.S. system of justice is fair to the majority of Americans. But race remains a big factor in how voters respond.

The FINANCIAL -- On 30. June, a few hours before the debt service failing through the Greece government, the IMF published the debt sustainability analysis. The IMF reported about the € 52 B outstanding debt amount for the next three years, knowing full well that the Hellenic country can not afford in their own. The rescue depended on the foreign support, even they have been limited by the International Monetary Funds (IMF), the European Central Bank (ECB) and the EFSF-ESM (European Financial Stability Funds , European Stability Mechanism) as plenipotentiary Institution of the European Union. The size of liabilities with medium and long term duration exceeds € 250 B, having time buffer up to 30 years, so in the sum -  the accumulated public debt/annual GDP ratio of the country – the most important macroeconomic data -  should lie at 180%.

The FINANCIAL -- In June of 2015, the average cost of cooking one standard Imeretian Khachapuri fell to 2.85GEL, which is 1% lower month-on-month (compared to May 2015), and 0.8% higher year-on-year (compared to June 2014).

The FINANCIAL -- An average Georgian household spends more than 40% of its budget on food. It therefore stands to reason that Georgian consumers are quite sensitive to food prices, which may be very good news considering recent developments in global commodity markets. According to the latest World Bank’s Food Price Watch, “international food prices declined by 14% between August 2014 and May 2015, sliding into a five-year low.” For lower-middle income households this could result in a 6% increase in disposable income, allowing households to spend more on other consumption items and invest e.g. in the education of their children.

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